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Why SoFi (SOFI) Stock Is Up Today
Shares of digital financial services company SoFi Technologies (NASDAQ:SOFI) jumped 4.6% in the morning session after the company announced the launch of SoFiUSD, a U.S. dollar-backed stablecoin, positioning itself as a key infrastructure provider for other banks, fintechs, and enterprise partners.
Micron (MU) Stock Trades Up, Here Is Why
Shares of memory chips maker Micron (NYSE:MU) jumped 11.1% in the morning session after the company reported strong fourth-quarter results and provided a much better-than-expected forecast for the upcoming quarter.
Why Are Warner Music Group (WMG) Shares Soaring Today
Shares of global music entertainment company Warner Music Group (NASDAQ:WMG) jumped 5.7% in the morning session after Morgan Stanley upgraded its rating on the stock from 'Equal-Weight' to 'Overweight'.
Why Western Digital (WDC) Stock Is Up Today
Shares of leading data storage manufacturer Western Digital (NASDAQ: WDC) jumped 6.4% in the morning session after Morgan Stanley lifted its price target on the stock to $228 from $188.
Why Robinhood (HOOD) Stock Is Up Today
Shares of financial services company Robinhood (NASDAQ:HOOD) jumped 3.2% in the morning session after positive analyst coverage and the expansion of its prediction markets to include sports betting.
Plug Power (PLUG) Stock Trades Up, Here Is Why
Shares of fuel cell technology Plug Power (NASDAQ:PLUG) jumped 5.7% in the morning session after the company announced the installation of its 5MW electrolyzer system at Africa's first commercial green hydrogen facility in Namibia, alongside a stock purchase by a top executive.
Elastic (ESTC) Stock Trades Up, Here Is Why
Shares of search AI platform provider Elastic (NYSE:ESTC) jumped 4.4% in the morning session after the stock's positive momentum continued as the company secured a partnership with the U.S. Cybersecurity and Infrastructure Security Agency (CISA) to develop a new security platform.
Enphase (ENPH) Shares Skyrocket, What You Need To Know
Shares of home energy technology company Enphase (NASDAQ:ENPH) jumped 5.4% in the morning session after Goldman Sachs raised its rating on the stock from Sell to Neutral, maintaining a price target of $29.00.
Why The Real Brokerage (REAX) Stock Is Trading Up Today
Shares of real estate technology company The Real Brokerage (NASDAQ:REAX) jumped 3.5% in the morning session after the company announced that a prominent Canadian real estate leader, Sandy MacKay, along with his team and a larger network of agents, joined the brokerage.
AppLovin (APP) Shares Skyrocket, What You Need To Know
Shares of mobile app technology company AppLovin (NASDAQ:APP) jumped 6.4% in the morning session after analysts at Benchmark and Jefferies raised their price targets on the stock, signaling increased confidence in the company's future. Benchmark lifted its price target to $775 from $700, while Jefferies increased its target to $860 from $800. Both firms maintained a "Buy" rating on the shares. According to the research from Benchmark, the company's prospects strengthened due to several factors. These included accelerating traction in e-commerce, a clear plan to scale its AXON Ads self-serve platform, and an expansion of its creative capabilities through Generative AI.